The Cost-Effective Power Of Psychological Nudges

Spearheaded by UCLA’s Shlomo Benartzi, and including Beshears, Thaler, Sunstein, and the Wharton School’s Katherine Milkman, among others, the group settled on four areas of particular interest to nudge units in the United States and United Kingdom—retirement savings, college enrollment, public health interventions, and energy consumption. They then identified a single metric of success in each of the four areas and reviewed every paper that was focused on that success metric and that was published in a top academic journal in the last 15 years.

July 19, 2017
-Forbes

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Katherine Milkman
Adopting Financial Habits That Stick

“The third most popular resolution for 2017 was making better financial decisions. If your goal is to become a better steward of your hard-earned money, what does it take to improve your odds of succeeding once you decide to make some positive financial changes?”

June 7, 2017
-Forbes

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Katherine Milkman
Even Work-Life Balance Experts Are Awful at Balancing Work and Life

Recent surveys show that overworked Americans put work-life balance near the top of their wish lists — but if the experts can’t seem to manage it, how can the rest of us ever hope to? According to Katherine Milkman, at least part of the problem with work-life conflict is simply the overly optimistic way we humans tend to plan (or, worse, not plan) for the future.

March 28, 2017
-The Cut

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Katherine Milkman
Why We Think We Can Keep Those New Year’s Resolutions

“It can be hard to overcome the inertia of inaction or bad habits, but the positive expectations about “next week,” “next month,” or “next year” might help people to get going. Indeed, researchers have found that people do at least take the first step on these new beginnings.”

December 29, 2016
-Scientific American

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Katherine Milkman
Why Objects Can Be More Meaningful Gifts Than Experiences

“Studies show that even arbitrary, nonessential objects can become powerful cues for memory. Which goes to show it’s not just priceless family jewels or heirlooms that make for memory cues; they can be anything imbued with meaning. Earlier this year, psychologists Todd Rogers and Katherine Milkman published a paper demonstrating this neatly.”

December 23, 2016
-Vox

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Katherine Milkman
Want to Make Better Decisions? Try ‘Temptation Bundling’

The idea is to link a want (in the study, listening to audio versions of page-turners such as the Hunger Games books) with a popular should (working out at the campus fitness center). If getting on a treadmill were the only way to hear the next chapter in the novel, would you be more likely to get off the couch and go to the gym?

October 21, 2016
-New York Magazine

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Katherine Milkman
September Is Your Second-Chance January

People don’t just use these landmarks to organize the memories of their lives; we use them to organize memories of ourselves, too, something they call “temporal self-appraisal.” Maybe you did not make a ton of progress over the summer on the book you’re writing (or whatever), but that was summer you. This is September you!

September 1, 2016
-New York Magazine

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Katherine Milkman
Why Making a Backup Plan May Set You Up to Fail

Jihae Shin and Katherine Milkman’s results showed that those who made those backup plans ended up performing worse on the task at hand. And the researchers’ follow-up questions showed that this was due, at least in part, to a diminished drive for success.

August 17, 2016
-The Washington Post

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Katherine Milkman
“Plan A” Works Better When There Is No “Plan B”

The best-laid plans are those that don’t include backup plans. In a series of studies, Jihae Shin and Katherine Milkman found that when people make a backup plan for their goals, their performance on the primary goal can suffer because they tend to put less effort into achieving the primary goal.

August 16, 2016
-The Wall Street Journal

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Katherine Milkman
A “Stop In Your Tracks” Hack For Forgetfulness

To help conquer the challenges of forgetting to do something, Katherine Milkman and co-author Todd Rogers find that the key to remembering may actually be something completely unrelated to your intention – and something that stands out from the routine of everyday life.

August 15, 2016
-Knowledge@Wharton

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Katherine Milkman